Effect of Reallocation Sample Clauses

Effect of Reallocation. Changes to positions that have been reallocated, and the impact of any such changes on the incumbent employee, will be determined in accord with the University’s Classification Process.
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Effect of Reallocation. Reallocation to a Class with a Higher Salary Range Maximum If the employee has performed the higher-level duties for at least six (6) months and meets the skills and abilities required of the position, the employee will remain in the position and retain existing appointment status. If the reallocation is the result of a change in the duties of the position and the employee has not performed the higher-level duties for at least six (6) months, the Employer must give the employee the opportunity to compete for the position if they possess the required skills and abilities. The Employer may choose to promote the employee without competition as long as the employee possesses the required skills and abilities. If the employee is not selected for the position, or does not have the required skills and abilities, the layoff procedure specified in Article 32 of this Agreement applies. If the employee is appointed, they must serve a trial service period. Reallocation to a Class with an Equal Salary Range Maximum If the employee meets the skills and abilities requirements of the position, the employee remains in the position and retains existing appointment status. If the employee does not meet the skills and abilities requirements of the position, the layoff procedure specified in Article 32 of this Agreement applies.
Effect of Reallocation 

Related to Effect of Reallocation

  • Effect of Settlement/Reservation of Rights The following shall apply:

  • Salary Impact of Reallocation An employee whose position is reallocated will have their salary determined as follows:

  • Effect of Settlement Neither the Grantee nor any of the Grantee’s successors, heirs, assigns or personal representatives shall have any further rights or interests in any Restricted Stock Units that have been paid and settled. Although a settlement date or range of dates for settlement are specified above in order to comply with Code Section 409A, the Company retains discretion to determine the settlement date, and no Grantee or beneficiary of a Grantee shall have any claim for damages or loss by virtue of the fact that the market price of Common Stock was higher on a given date upon which settlement could have been made as compared to the market price on or after the actual settlement date (any claim relating to settlement will be limited to a claim for delivery of Shares and related dividend equivalents).

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